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Southwest Airlines Co

LUV.N

Latest Trade

39.85USD

Change

0.17(+0.43%)

Volume

1,324,000

Today's Range

39.57

 - 

40.75

52 Week Range

22.47

 - 

58.81

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Southwest Airlines CEO Says Customers Already Responding To New Routes Announced On Thursday With Bookings

Oct 8 (Reuters) - Southwest Airlines Co <LUV.N>::SOUTHWEST AIRLINES CEO - ROUTE MAP HAS DOZENS OF OPPORTUNITIES FOR GROWTH WITH 737'S, "WE'LL PURSUE THESE AGGRESSIVELY, BUT NOT RECKLESSLY".SOUTHWEST AIRLINES CEO SAYS CUSTOMERS ARE ALREADY RESPONDING TO THE NEW ROUTES ANNOUNCED ON THURSDAY WITH BOOKINGS.SOUTHWEST AIRLINES CEO SAYS WITH OVERALL TRAVEL DEMAND DOWN, EXPECT 'SUN AND SNOW' DESTINATIONS TO SELL THIS WINTER.

Southwest Airlines CEO Says Need PSP Extension To Avoid Possible Layoffs

Oct 1 (Reuters) - Southwest Airlines CEO::SOUTHWEST AIRLINES CEO - PSP HAS EXPIRED AND "WE ARE NOT IMMUNE" TO THIS, CO NEEDS AN EXTENSION TO AVOID ACTIONS SIMILAR TO THOSE COMPETITORS TOOK.SOUTHWEST AIRLINES CEO - A CLEAN EXTENSION OF THE PSP WOULD BUY US SIX CRITICAL MONTHS TO SEE OUR WAY THROUGH TO THE OTHER SIDE OF THE PANDEMIC.SOUTHWEST AIRLINES CEO - IF PSP EXTENSION FAILS, WILL BE FORCED TO FURTHER CUT SPENDING, WHICH AS A LAST RESORT, COULD BE THROUGH LAYOFFS, FURLOUGHS.

Southwest Airlines Says Continues To Expect Its Q3 2020 Capacity To Fall In Range Of 30% To 35%, Year-Over-Year

Sept 16 (Reuters) - Southwest Airlines Co <LUV.N>::SOUTHWEST AIRLINES CO - CONTINUES TO EXPECT ITS Q3 2020 CAPACITY TO DECREASE IN RANGE OF 30 TO 35 PERCENT, YEAR-OVER-YEAR.SOUTHWEST AIRLINES CO - COMPANY IS IN PROCESS OF REDUCING ITS NOVEMBER 2020 PUBLISHED FLIGHT SCHEDULE.SOUTHWEST AIRLINES CO - CURRENTLY ESTIMATES ITS NOVEMBER 2020 CAPACITY TO DECREASE IN RANGE OF 35 TO 40 PERCENT, YEAR-OVER-YEAR..SOUTHWEST AIRLINES CO - CLOSE-IN LEISURE DEMAND TRENDS EXPERIENCED IN AUGUST 2020 HAVE CONTINUED, THUS FAR, INTO SEPTEMBER 2020.SOUTHWEST AIRLINES CO - CONTINUES TO EXPECT ITS Q3 2020 CAPACITY TO DECREASE IN RANGE OF 30 TO 35 PERCENT, YEAR-OVER-YEAR.SOUTHWEST AIRLINES CO - COMPANY'S AVERAGE DAILY CORE CASH BURN IN AUGUST 2020 WAS APPROXIMATELY $19 MILLION..SOUTHWEST AIRLINES CO - NOW ESTIMATES ITS AVERAGE DAILY CORE CASH BURN TO BE APPROXIMATELY $17 MILLION IN Q3 2020.SOUTHWEST AIRLINES CO - AS OF SEPTEMBER 15, 2020, COMPANY HAD CASH AND SHORT-TERM INVESTMENTS OF APPROXIMATELY $14.8 BILLION.SOUTHWEST AIRLINES CO - DOES NOT CURRENTLY PLAN TO UTILIZE ITS LOYALTY PROGRAM SHOULD IT NEED TO SECURE ADDITIONAL FINANCING.SOUTHWEST AIRLINES CO - IN AUGUST , EXPERIENCED MODEST IMPROVEMENT IN CLOSE-IN LEISURE PASSENGER DEMAND, COMPARED WITH JULY.SOUTHWEST AIRLINES CO - CLOSE-IN LEISURE DEMAND TRENDS EXPERIENCED IN AUGUST HAVE CONTINUED, THUS FAR, INTO SEPTEMBER.SOUTHWEST AIRLINES CO - AVERAGE DAILY CORE CASH BURN IN AUGUST 2020 WAS APPROXIMATELY $19 MILLION.

Southwest Airlines Estimates Q3 Average Core Cash Burn To Be About $20 Mln Per Day

Aug 19 (Reuters) - Southwest Airlines Co <LUV.N>::SOUTHWEST AIRLINES CO - CONTINUES TO EXPERIENCE SIGNIFICANT NEGATIVE IMPACTS TO PASSENGER DEMAND AND BOOKINGS IN Q3 DUE TO COVID-19 PANDEMIC.SOUTHWEST AIRLINES CO - PRELIMINARY JULY 2020 OPERATING REVENUES DECREASED, YEAR-OVER-YEAR, IN RANGE OF 70 TO 75 PERCENT.SOUTHWEST AIRLINES CO - PRELIMINARY JULY CAPACITY DECREASED ABOUT 31 PERCENT, YEAR-OVER-YEAR.SOUTHWEST AIRLINES CO - NOW ESTIMATES Q3 2020 CAPACITY TO DECREASE IN THE RANGE OF 30% TO 35%.SOUTHWEST AIRLINES CO - PRELIMINARY JULY 2020 LOAD FACTOR WAS APPROXIMATELY 43 PERCENT.SOUTHWEST AIRLINES CO - ESTIMATES ITS OCTOBER 2020 CAPACITY TO DECREASE 40% TO 50%.SOUTHWEST AIRLINES CO - ESTIMATES AUGUST 2020 CAPACITY TO DECREASE ABOUT 27 PERCENT.SOUTHWEST AIRLINES - BASED ON MODEST IMPROVEMENTS IN CLOSE-IN LEISURE PASSENGER DEMAND, NOW ESTIMATES AUG. OPERATING REVENUE TO DECREASE 70%-75%.SOUTHWEST AIRLINES CO - ESTIMATES AUGUST 2020 LOAD FACTOR TO BE IN RANGE OF 40 TO 45 PERCENT.SOUTHWEST AIRLINES - NOW ESTIMATES ITS AVERAGE CORE CASH BURN TO BE ABOUT $20 MILLION PER DAY IN Q3.SOUTHWEST AIRLINES CO - AS OF AUGUST 18, HAD CASH AND SHORT-TERM INVESTMENTS OF ABOUT $15.2 BILLION.SOUTHWEST AIRLINES - BELIEVE CAN SECURE ADDITIONAL FINANCING AT FAVORABLE TERMS, HAS SINCE DECIDED NOT TO PARTICIPATE IN SECURED LOAN PROGRAM.

Southwest Airlines Announces Pricing Of Notes

July 28 (Reuters) - Southwest Airlines Co <LUV.N>::SOUTHWEST AIRLINES ANNOUNCES PRICING OF NOTES.PRICED UNDERWRITTEN PUBLIC OFFERING OF $1 BILLION AGGREGATE PRINCIPAL AMOUNT OF ITS SENIOR NOTES.SOUTHWEST AIRLINES - PUBLIC OFFERING OF $1 BILLION CONSISTING OF $300 MILLION OF 5.250% NOTES DUE 2025, $700 MILLION OF 5.125% NOTES DUE 2027.SOUTHWEST AIRLINES - 2025 NOTES TO BE ISSUED AT 106.768% OF PAR, 2027 NOTES TO BE ISSUED AT 105.170% OF PAR, PLUS ACCRUED INTEREST.

Southwest Airlines Expects 2021 Cost Savings To Be More Than $1 Bln - Conf Call

July 23 (Reuters) - Southwest Airlines Co <LUV.N>::SOUTHWEST AIRLINES EXEC SAYS EXPECTS 2021 COST SAVINGS TO BE MORE THAN $1 BILLION - CONF CALL.SOUTHWEST AIRLINES EXEC SAYS IF DEMAND CONTINUES TO STALL, WILL NEED TO ASSESS STAFFING NEXT YEAR.SOUTHWEST AIRLINES EXEC SAYS THAT WHILE OVERALL BUSINESS TRAVEL WILL BE SMALLER, IT EXPECTS TO HAVE A BIGGER SLICE OF THE PIE.SOUTHWEST AIRLINES EXEC SAYS IT'S GOING TO TAKE SEVERAL YEARS FOR BUSINESS TRAVEL TO RECOVER.SOUTHWEST AIRLINES PRESIDENT SAYS FALL TRAVEL DEMAND HAS SLOWED CONSIDERABLY OVER PAST SEVERAL WEEKS.SOUTHWEST AIRLINES EXEC SAYS EXPECTS 2020 OPERATING EXPENSES TO BE DOWN OVER $2.7 BILLION, INCLUDING BENEFIT OF FEWER FUEL GALLONS CONSUMED.SOUTHWEST AIRLINES CEO SAYS TERMS OF U.S. GOVERNMENT LOANS ARE VERY ONEROUS, WOULD RATHER AVOID TAKING THEM.SOUTHWEST AIRLINES CEO SAYS DOES NOT NEED TO MAKE FUNDAMENTAL CHANGES TO ITS FLEET STRATEGY AT THIS TIME.SOUTHWEST AIRLINES CFO SAYS PLANS TO FLY BOEING 737 MAX JETS IN DEC PROBABLY A 'BEST CASE SCENARIO'.SOUTHWEST AIRLINES CEO SAYS CASH BURN BREAK-EVEN DEPENDS ON FLYING MORE PASSENGERS, BUT SEEING MORE VOLATILITY THAN EVER.SOUTHWEST AIRLINES CEO SAYS 'WE'RE LIKE A PATIENT IN INTENSIVE CARE', FOCUSING ON 30- 60- 90-DAY FISCAL HORIZONS.SOUTHWEST AIRLINES CEO SAYS THERE IS STILL ENERGY FROM AIRLINES ON TEMPERATURE CHECKS; WISHES WASHINGTON WOULD TAKE ACTION.SOUTHWEST AIRLINES EXEC SAYS BOEING IS OUT OF COMPLIANCE WITH ITS 737 MAX CONTRACT, EVERYTHING NEEDS TO BE COMPLETELY RE-SET.

Southwest Airlines Q2 RPMs Down 83.7%, ASMs Down 55.3%

July 23 (Reuters) - Southwest Airlines Co <LUV.N>::QUARTERLY LOSS PER SHARE $1.63.QUARTERLY LOSS PER SHARE EXCLUDING SPECIAL ITEMS $2.67.ENDED SECOND QUARTER WITH LIQUIDITY OF $15.5 BILLION.QUARTERLY OPERATING REVENUES $1.0 BILLION, DOWN 82.9%.QUARTERLY REVENUE PASSENGER MILES 5.61 BILLION, DOWN 83.7%.QUARTERLY AVAILABLE SEAT MILES 17.89 BILLION, DOWN 55.3%.Q2 EARNINGS PER SHARE VIEW $-2.62, REVENUE VIEW $845.3 MILLION -- REFINITIV IBES DATA.QUARTERLY LOAD FACTOR 31.4% VERSUS 86.4 %.QUARTERLY OPERATING REVENUE PER ASM 5.63 CENTS, DOWN 61.9%.QUARTERLY TOTAL OPERATING EXPENSES DECREASED 56.8%, TO $2.1 BILLION.QUARTERLY ECONOMIC FUEL COSTS WERE $1.33 PER GALLON VERSUS $2.13 PER GALLON.Q3 ECONOMIC FUEL COSTS ESTIMATED TO BE $1.20 PER GALLON - $1.30 PER GALLON.Q2 ECONOMIC FUEL COSTS INCLUDED $24 MILLION, OR $.12 PER GALLON, IN PREMIUM EXPENSE AND NO CASH SETTLEMENTS FROM FUEL DERIVATIVE CONTRACTS.SOUTHWEST AIRLINES - EXCLUDING FUEL AND OIL EXPENSE AND SPECIAL ITEMS, QUARTERLY OPERATING EXPENSES DOWN 24.2%.SOUTHWEST AIRLINES - DEMAND FOR AIR TRAVEL REMAINS WEAK, WHICH WAS DRIVER OF Q2 NET LOSS OF ABOUT $1.5 BILLION, EXCLUDING SPECIAL ITEMS.SOUTHWEST AIRLINES - ENCOURAGED BY IMPROVEMENTS IN MAY AND JUNE LEISURE PASSENGER TRAFFIC TRENDS, VERSUS MARCH AND APRIL.SOUTHWEST AIRLINES - IMPROVING TRENDS IN REVENUE, BOOKINGS HAVE RECENTLY STALLED IN JULY WITH RISE IN COVID-19 CASES.SOUTHWEST AIRLINES - WILL ADJUST FLIGHT SCHEDULE AGGRESSIVELY, FREQUENTLY IN RESPONSE TO VOLATILE DEMAND ENVIRONMENT.

Southwest Reports Q2 Loss Per Share $2.67 Excluding Items

July 23 (Reuters) - Southwest Airlines Co <LUV.N>::SOUTHWEST REPORTS SECOND QUARTER 2020 RESULTS.Q2 REVENUE $1.0 BILLION VERSUS REFINITIV IBES ESTIMATE OF $845.3 MILLION.Q2 LOSS PER SHARE $2.67 EXCLUDING ITEMS.Q2 LOSS PER SHARE $1.63.Q2 EARNINGS PER SHARE ESTIMATE $-2.66 -- REFINITIV IBES DATA.CURRENTLY HAS UNENCUMBERED ASSETS WORTH APPROXIMATELY $12 BILLION, INCLUDING APPROXIMATELY $10 BILLION IN AIRCRAFT.HAS MORE THAN OFFSET ITS ORIGINALLY PLANNED ANNUAL 2020 CAPITAL SPENDING OF APPROXIMATELY $1.4 BILLION TO $1.5 BILLION.SIGNED NON-BINDING LETTER OF INTENT WITH U.S. TREASURY FOR A SECURED LOAN WITH ESTIMATED AMOUNT OF ABOUT $2.8 BILLION.NOT YET DETERMINED IF IT WILL ULTIMATELY PARTICIPATE IN SECURED LOAN PROGRAM..SOUTHWEST AIRLINES - HAD $899 MILLION REMAINING UNDER ITS MAY 2019 $2.0 BILLION SHARE REPURCHASE AUTHORIZATION AT TIME OF PROGRAM'S SUSPENSION.RETURNED FIVE LEASED 737-700 AIRCRAFT DURING Q2 2020, ENDING QUARTER WITH 737 AIRCRAFT IN ITS FLEET.NOT RECEIVED ANY MAX AIRCRAFT DELIVERIES SINCE FEBRUARY 2019.SOUTHWEST AIRLINES - RETURNED AIRCRAFT TO SERVICE IN RECENT MONTHS TO SUPPORT MORE FLYING IN JULY VERSUS APRIL & TO ALLOW FOR MIDDLE SEATS TO REMAIN OPEN.CO REDUCED ITS SEPTEMBER 2020 PUBLISHED CAPACITY AS A RESULT OF WEAKER REVENUE AND BOOKING TRENDS.CONTINUES TO PLAN FOR MULTIPLE SCENARIOS FOR ITS FLEET AND CAPACITY GIVEN UNCERTAINTY CAUSED BY PANDEMIC.

Southwest Airlines Continues To Experience Negative Impacts To Passenger Demand, Bookings In Q2

June 17 (Reuters) - Southwest Airlines Co <LUV.N>::SOUTHWEST AIRLINES - CONTINUES TO EXPERIENCE SIGNIFICANT NEGATIVE IMPACTS TO PASSENGER DEMAND, BOOKINGS IN Q2.SOUTHWEST AIRLINES - ON JUNE 8, CO DELIVERED NOTICE OF ITS INTENT TO REPAY IN FULL & TERMINATE AMENDED, RESTATED 364-DAY CREDIT AGREEMENT - SEC FILING.SOUTHWEST AIRLINES - CONTINUED TO EXPERIENCE MODEST IMPROVEMENT IN PASSENGER DEMAND, BOOKINGS IN JUNE 2020.SOUTHWEST AIRLINES - CONTINUES TO ESTIMATE ITS AVERAGE DAILY CORE CASH SPENDING TO BE IN RANGE OF $30 MILLION TO $35 MILLION IN Q2 2020.SOUTHWEST AIRLINES - ESTIMATES Q2 2020 CAPACITY TO DECREASE IN RANGE OF 50 TO 60%, YEAR-OVER-YEAR.SOUTHWEST AIRLINES - PRELIM MAY OPERATING REVENUES DECREASED, YEAR-OVER-YEAR, IN RANGE OF 85 TO 90%.SOUTHWEST AIRLINES - PRELIM MAY CAPACITY DECREASED ABOUT 64%, YEAR-OVER-YEAR; AND LOAD FACTOR WAS ABOUT 30%.SOUTHWEST AIRLINES - JULY OPERATING REVENUE ESTIMATED TO DECREASE, YEAR-OVER-YEAR, IN RANGE OF 65 TO 70%.SOUTHWEST AIRLINES - CURRENTLY ESTIMATES APPROXIMATELY 24 MONTHS OF LIQUIDITY.SOUTHWEST AIRLINES - JULY CAPACITY ESTIMATED TO DECREASE IN RANGE OF 25 TO 35%, Y-Y-Y; LOAD FACTOR IS ESTIMATED TO BE IN RANGE OF 45 TO 55%.SOUTHWEST AIRLINES - LIMITING NO. OF SEATS ON FLIGHT TO LET MIDDLE SEATS TO REMAIN OPEN FOR CUSTOMERS WHO ARE NOT TRAVELING TOGETHER THROUGH ATLEAST SEPT.SOUTHWEST AIRLINES - Q2 ECONOMIC FUEL COSTS ESTIMATED IN RANGE OF $1.25 TO $1.35 PER GALLON.

Southwest Airlines Announces Pricing Of Notes

June 3 (Reuters) - Southwest Airlines Co <LUV.N>::SOUTHWEST AIRLINES ANNOUNCES PRICING OF NOTES.SOUTHWEST AIRLINES CO - HAS PRICED UNDERWRITTEN PUBLIC OFFERING OF $1.8 BILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES.SOUTHWEST AIRLINES CO - 2023 NOTES WILL BE ISSUED AT 102.725% OF PAR AND 2027 NOTES WILL BE ISSUED AT PAR.SOUTHWEST AIRLINES CO - PRICED ITS UNDERWRITTEN PUBLIC OFFERING OF $1.3 BILLION AGGREGATE PRINCIPAL AMOUNT OF 5.125% NOTES DUE 2027.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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